Bank of Japan (BOJ) announcement:
- Retains plan for 60-70tln yen annual rise in monetary base
- Unanimous vote to keep policy steady
- Says Japan economy continues to recover moderately as a trend, keeps assessment unchanged
- Revises down assessment on exports
- Revises down assessment on industrial output
- Says exports have shown some weakness
- Industrial output has continued to increase moderately as a trend but has recently shown some weakness
- Household spending remains resilient as a trend with effect of sales tax hike gradually beginning to wane
- BOJ board turns down by 8-1 vote proposal by its member Kiuchi to make 2 pct inflation target a medium- to long-term goal
Headlines via Reuters
–
Full text: Statement on Monetary Policy (Announced at 12:08 p.m.) [PDF 165KB]
